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Mr Hammond explained: “As we prepare for our future outside the EU, we cannot rest on our past achievements. Responding to the statement the Labour leader claimed Mr Hammond failed to understand the realities of daily life for millions of people and the “crisis” facing public services. He received a tweet wishing him good luck from his predecessor this morning, but Mr Hammond ripped up Mr Osborne’s 2015 Tory manifesto commitment not to raise taxes with a controversial rise in National Insurance payments. Mr Corbyn said: “Over the coming years the schools budget is being cut by 8%. The Chancellor pledged to create a “resilient” economy for families “still feeling the squeeze” of the 2008 crash.

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Philip Hammond has defended a controversial rise in National Insurance for the self-employed as a “right and fair” move that will help the Government steer Britain through an uncertain future. The Chancellor is facing a growing political row over the hike in National Insurance contributions for high-earning self-employed workers announced in his first Budget. The move appears to break a 2015 election manifesto commitment to a “five-year tax lock” not to increase income tax, VAT or National Insurance. “No Conservative likes to increase taxes, National Insurance, anything else,” he said. “People were promised no increase in National Insurance at the last election.

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If Philip Hammond has to hike National Insurance, he should level with voters first

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